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'Renters Are Struggling': Economists Back Tenant-Led Push for Federal Rent Control
(www.commondreams.org)
this post was submitted on 06 Aug 2023
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Aggregate supply and aggregate demand.
Boom. Roasted.
It's extremely difficult to get someone who only understands Econ 101 to grasp the idea of competing economic inefficiencies. Conservative think tanks have been on a rather successful crusade to ensure that de-regulation is only good. So, it's difficult to convince someone that higher taxes on "job creators" leads to a better, less expensive life for everybody else.
Yeah and aggregate demand is basically impossible to model because people be crazy.
And sure, rent control could cause issues in the long run, but in the long run we're all dead anyway. Other, bigger, problems will likely happen sooner than something like rent control having a significant economic impact.